Charlotte Real Estate: BUY or SELL in 2021?!

Рет қаралды 6,720

Күн бұрын

Charlotte real estate has grown considerably over the last five years, with home prices appreciating by more than 50% since 2016! But has the market peaked? And is it in a bubble? These are questions that Charlotte home buyers and real estate investors want answers to!
Charlotte's housing market growth over the last five years is due in large part to its growing economy. Home to Fortune 500 companies such as Bank of America, Truist Bank, Lowe's, and Honeywell, Charlotte boasts a diverse economy with significant amounts of job growth.
All that job growth and demographic growth has resulted in a surge in the local real estate market, with the typical price of a home across the metro increasing from $188k to $277k (+52%) over the last five years according to Zillow. That top growth places Charlotte in the top 10 among US metros.
But there is one thing holding Charlotte back from real estate stardom. And that's the huge pipeline of new single family homes that have been permitted for construction over the last year. That's right - Charlotte builds more than new homes than almost any other large metro in the country on a relative basis.
While expanding home supply is great for keepings thing affordable, it isn't so great for real estate investors focused on appreciation. It wouldn't be surprising to see Charlotte's growth slow in coming years as the new homes increase inventories and decrease prices.
The most expensive areas of Charlotte include Myers Park, Cotswold, Carmel, and Ballantyne. The highest growth areas include Ashley Park, Yorkmount Park, and Atando Junction.
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0:00 Top Growth Market
2:10 Fortune 500 Companies
3:31 Charlotte Job Growth since 2011
6:06 +52% Appreciation (Top 10)
9:29 Lots of New Supply!
10:51 Singly Family Permit Glut
13:18 Getting More Specific
14:11 Expensive / Affordable ZIPs
17:02 Where's the Appreciation?
19:49 Reach out on ReventureConsulting.com
#CharlotteNC #CharlotteRealEstate #MovingToCharlotte

Пікірлер: 89

@DjDownBadd 3 жыл бұрын

Undoubtedly the best market analysis channel on YT‼️

@ReventureConsulting 3 жыл бұрын

Thank you Lado!

@ivanrivadeneira4085 2 жыл бұрын

Good info pretty accurate

@findingdori6219 3 жыл бұрын

Thank you 💜

@honeyblu1586 3 жыл бұрын

This video was beyond helpful. Thank you

@dilipvenugopal167 3 жыл бұрын

Thanks again Nick! Gave me a good idea on what to expect!

@ReventureConsulting 3 жыл бұрын

Glad you enjoyed it Dilip!

@marias409 3 жыл бұрын

As always great, informative video! Thank you

@ReventureConsulting 3 жыл бұрын

Thank you Maria!

@Muffergorillatag 3 жыл бұрын

Yep I live in clt

@ReventureConsulting 3 жыл бұрын

Great city!

@calebbronkema3738 3 жыл бұрын

Another great breakdown. I would love to see a video on Grand Rapids Michigan

@ReventureConsulting 3 жыл бұрын

Thanks Caleb! I got quite a few ahead of it but will add Grand Rapids to the list.

@brendensong8000 3 жыл бұрын

Great video! thank you for another amazing analysis!

@ReventureConsulting 3 жыл бұрын

Thanks Brenden!

@EliMagidsLuxuryHomes 3 жыл бұрын

love this !

@ReventureConsulting 3 жыл бұрын

Thanks Eli!

@mitchg3401 3 жыл бұрын

Very informative, much appreciated!! Can you please do the same analysis for Wilmington, NC?

@rkrishsanthosh 3 жыл бұрын

Very well explained!

@ReventureConsulting 3 жыл бұрын

Thanks Santosh!

@taylor.e.a.g 3 жыл бұрын

Thank you for sharing this video! Do you have the info on when a good chunk of those new home builds will be ready for move in and start to impact home appreciation? As in a month/season.

@PotterheadBOOklover 2 жыл бұрын

Very good analysis. Its pretty consistent with what I have observed so far. Thank you Nick!

@devonwilliams1829 3 жыл бұрын

Love your content! Please do one for RTP, NC area!!

@ReventureConsulting 3 жыл бұрын

Thanks Devon! Raleigh is coming soon!

@ibezimokehie9526 3 жыл бұрын

@@ReventureConsulting Wow, I can't wait. Raleigh NC is my hometown. The market is impossible for buyers right now!

@Being_Joe 3 жыл бұрын

@@ReventureConsulting would love to see that as I am shopping for a home there

@jackietran6796 3 жыл бұрын

Another vote for RTP!

@Being_Joe 3 жыл бұрын

@@jackietran6796 he already made the video. Check it out.

@juan_urbina 3 жыл бұрын

Excellent job, hands down the most informative video on different housing markets. I live in Charlotte (28209) and I agree with your assessment. Another key point happening right now in CLT is the city council is discussing the possibility to allow multi family home development in current single family zoning. You can find move info by searching for the Charlotte 2040 plan. I found your channel because I’m researching Dallas Metro area to potentially move there. This assessment gives me confidence in your Dallas video.

@ReventureConsulting 3 жыл бұрын

Thanks for the comment Juan! Very interesting about the multifamily zoning.

@ChristianThunder 3 жыл бұрын

Great work yet again. Do you have any on the Long Island market consisting of Nassau and Suffolk County?

@pga5f 2 жыл бұрын

I have been watching listing in some of the more desireable neighborhoods in Charlotte (Sedgefield, Eastover, Dilworth, Myers Park, Freedom Park), and there is almost nothing coming on the market in the last month. Do you think this will change in the next 6 months? I am seeing no inventory in these areas and am wondering if the market changes you expect will simply not occur in Charlotte neighborhoods like this?

@tracyking1489 2 жыл бұрын

What about huntersville 6 months ago l paid $660,000 for my brick model home 4,840 set feet home.ln Beckett subdivision less than 10 mins from Birkdale village now l want to sell ,but see nothing out there.Want to buy house in harrisburg same square footage that house is $700,000

@keqinzhou8070 3 жыл бұрын

Love the video, quick question what's the website to look for new construction permit by city? I looked up US Census Beurau couln't find it. Thank you so much!

@DY00999 3 жыл бұрын

Great!

@anncoll 3 жыл бұрын

I love your local market deep dives. If you could do one for Detroit, I’d very much appreciate it. Dina

@ReventureConsulting 3 жыл бұрын

Thanks Dina! I will get to Detroit eventually. Some markets ahead of it though!

@ec6239 2 жыл бұрын

I live in 28217 and there's been tremendous growth in the last few years.

@paperwings622 3 жыл бұрын

Surprised Huntersville is not a darker pink. Building a home there now and the price increases have been insane. Luckily we locked in a good price at the start of the year. I would guess this area has high % of college degrees and % increase in median salary. I think Huntersville, Cornelius, and Davidson are poised to be a high home cost comparable to South Charlotte.

@kidpalce1 3 жыл бұрын

Please do a deep dive on the Lake Norman Suburb of Charlotte with regard to AirBnB potential. Seems to be amazing!

@TheVictorJPR 3 жыл бұрын

Just recently discovered this great channel. Thanks for the great content. I was wondering if you have any insights on the housing markets in vecinity of military bases. Will I be right to assume that markets in those areas are different from the rest of the State given the constant movement of people in and out? My particular case is Shaw AFB in Sumter, SC. Just bought a house in Sumter because there were no housing on-post and the rentals off-post were ridiculously high. Thanks in advance for any insights.

@survivalandprepping-lifeha8271 3 жыл бұрын

spot on. i live in fort mill, sc. town right across state line from charlotte

@charlesmason6501 3 жыл бұрын

Raleigh NC, and Durham NC Pleaseeeeee!!!!!!

@ReventureConsulting 3 жыл бұрын

Raleigh coming on Wednesday!

@honeyblu1586 3 жыл бұрын

New subscriber !!

@Efreeman22 3 жыл бұрын

We need a CLT vs ATL 🙌🏽

@sallytomata1 2 жыл бұрын

What do you think of Asheville's disparity between home prices and availability, wages and the job market?

@ituba7530 3 жыл бұрын

Great video. Just got an offer accepted after a dozen of failed offers.

@ReventureConsulting 3 жыл бұрын

Congrats!

@johnnysitu 3 жыл бұрын

I think you also need to take into account that Charlotte population growth for the last 10 years when it comes to new permits, 21K now doesn’t necessarily mean it’s overbuilt versus 21K back then 10 years ago.

@ReventureConsulting 3 жыл бұрын

Interesting to note: Charlotte's inward migration was higher in mid-2000s than it is now!

@treistab 3 жыл бұрын

What tools do you use to analyze these cities?

@johnnysitu 3 жыл бұрын

Nice content, can we find those graphs online or those are custom graphs?

@ReventureConsulting 3 жыл бұрын

Thank you! Unfortunately not yet!

@u2fkeys665 3 жыл бұрын

Maybe you can do a video on Winston Salem

@ReventureConsulting 3 жыл бұрын

Thanks for the comment! Winston Salem is a bit too small of a market to do one on right now. But maybe I'll do a Carolinas video and touch upon it.

@u2fkeys665 3 жыл бұрын

@@ReventureConsulting 😔

@RP-fo3bc 3 жыл бұрын

I would love for you to do one on Roanoke Virginia

@ReventureConsulting 3 жыл бұрын

I actually have a couple good friends there! Unfortunately it's a bit too small of a market for me to cover in one of these videos.

@RP-fo3bc 3 жыл бұрын

@@ReventureConsulting thanks anyway love you videos

@James-zy5lh 3 жыл бұрын

Would love to know about Raleigh. My fiancé and I are in the market to buy and it has been nuts. Her parents bought a home here a year ago, and their $400k home is now appraising for close to $500k. Apple is putting a HQ here, Amazon is opening a new massive DC, and the medical industry here seems to be doing as well as always. We’re seeing more and more out of state plates here, and Zillow never seems to have much inventory available. New developments are selling out of plots before ground has even been broken.

@ReventureConsulting 3 жыл бұрын

Raleigh is coming. Expect in 2-3 weeks!

@fatou1975 3 жыл бұрын

We are looking to buy in Raleigh also to seek better jobs opportunities and I’ve been researching for past few months. Everything you mentioned is correct and the prices for new construction single family homes is insane right now 😱😱😱

@kk-lv3ol 3 жыл бұрын

I am closely following Charlotte mkt and tried few offers as well. From an investor perspective not the best time. Also does by slower rent growth(in comparison) and county rental laws(pro tenant). Prices for 160-180k houses has shot to 220ish...lot of FOMO driven purchases. I feel it may cool down as more inventory loosens up in future. Also a factor is if corporate tax, if it goes up lot of offshoring of IT and back-office work will pick up. Kind of limbo for investors, good time for primary homes.

@ReventureConsulting 3 жыл бұрын

Thanks for the perspective k k! There is certainly lots of FOMO out there across the country.

@80jmbrown 3 жыл бұрын

Check out Gaston county when looking for investment properties. There is a nice mix of properties here and you can still find some great deals. I'm an agent in the area and would be happy to help.

@Iwilltravelforfood 2 жыл бұрын

Tell me what’s going on in Greensboro NC, i have been trying to buy a house but can’t, Greensboro is about an hour away from Charlotte and is the 3rd biggest city in NC

@ReventureConsulting 2 жыл бұрын

Thanks for the comment! Greensboro, like much of the Southeast US right now, is a very tight market right now. Hard to find much. But I suspect things will get better (aka higher YoY inventory) in the coming months.

@aminghaderi1902 3 жыл бұрын

can you also take a look at RTP? (Raleigh)

@ReventureConsulting 3 жыл бұрын

Coming on Wednesday!

@aminghaderi1902 3 жыл бұрын

@@ReventureConsulting awesome. SC also has a couple of good options as you discussed, Greenville and Columbia. Weather is nice and city is full of young professionals.

@american5564 3 жыл бұрын

We’re seeing a migration we’re people are selling overpriced homes and buying in lesser valued areas. This will cause prices everywhere to move toward their regional median prices

@kidpalce1 3 жыл бұрын

I actually live on the Lake in the Point Community in Mooresville and am considering putting my 4000 Sq ft 4 bedroom home on the AirBnb market

@tatersquad2000 3 жыл бұрын

The definitive Charlotte video. I'd love a series of best/worst investment region rankings battle it out, maybe presented like a playoff bracket

@ReventureConsulting 3 жыл бұрын

Great idea!

@abstractmk6079 3 жыл бұрын

Gaston County is showing great growth, has family oriented neighborhoods, and safe compared to Charlotte areas and or Rock Hill, SC high crimes.

@grilledricky86 3 жыл бұрын

I wonder what market took that flash crash in jobs in 2017.

@ReventureConsulting 3 жыл бұрын

Miami. Not quite sure what happened there. Good catch.

@JohnSmith-se8pf 3 жыл бұрын

You know there are several Charlotte's in the country, eleven. How about stating the state up front so we know what you are talking about???

@bethmcgill5944 2 жыл бұрын

Alright the info is out, but still virtually no affordability for those in place. Housing consumed by a glut of transplants.

@daniboy6672 3 жыл бұрын

Thinking about relocating from New York to Charlotte. I would like to know is it better to build or buy? And the best area not directly in the city and not too far away from downtown. Being from NYC I still need to be around stuff. lol

@ReventureConsulting 3 жыл бұрын

Re-sale market is a bit tamer than new construction market right now.

@80jmbrown 3 жыл бұрын

I'm a real estate agent that moved from NYC last year to Charlotte. Dilworth & NoDa are two areas that have that NYC feel when it comes to an active lifestyle and city vibe. Reach out if you would like more info.

@mine1685 3 жыл бұрын

How can you be so young yet so smart and knowledgeable!!

@ReventureConsulting 3 жыл бұрын

Ah shucks. Thanks! Being a nerd has to count for something, right?

@thomasvancleave2310 3 жыл бұрын

This is the first video I've watched where permits are near mid-2000s levels. Will be really interesting to see how this will develop. I've been very high on large cities in North Carolina in general due to friendly corp tax rate and increasing job market. Didn't consider the permit pulls in Charlotte but that helps explain how home prices have remained relatively affordable when comparing it with other cities.

@thomasvancleave2310 3 жыл бұрын

Sorry to add to own comment but now considering how sensitive that home market may be with permit increases combined with present extremely high lumber prices. Certainly puts home developers in a vulnerable position.

@ReventureConsulting 3 жыл бұрын

Thanks for the comment Thomas! There aren't many markets that are producing as much now as they were in the mid-2000s. Charlotte is one. Austin, Nashville, and Raleigh are others.